First National Bank & Trust Co. of Newtown Cuts Stock Holdings in McDonald’s Co. (NYSE:MCD)

First National Bank & Trust Co. of Newtown decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 9.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,234 shares of the fast-food giant’s stock after selling 1,230 shares during the period. McDonald’s comprises about 0.7% of First National Bank & Trust Co. of Newtown’s holdings, making the stock its 24th largest position. First National Bank & Trust Co. of Newtown’s holdings in McDonald’s were worth $3,256,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in McDonald’s in the third quarter worth $25,000. Comprehensive Financial Planning Inc. PA purchased a new position in McDonald’s in the fourth quarter worth $27,000. Collier Financial purchased a new position in McDonald’s in the fourth quarter worth $29,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s in the third quarter worth $31,000. Finally, Hara Capital LLC purchased a new position in McDonald’s in the third quarter worth $44,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on MCD shares. TD Securities reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. Piper Sandler dropped their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Loop Capital reaffirmed a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. TD Cowen reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Finally, BMO Capital Markets upped their price target on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the transaction, the insider now directly owns 9,286 shares in the company, valued at approximately $2,716,155. This represents a 10.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,106 shares of company stock worth $6,368,814. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Down 1.0 %

Shares of NYSE MCD opened at $301.71 on Thursday. The firm has a market capitalization of $216.21 billion, a P/E ratio of 26.49, a P/E/G ratio of 3.16 and a beta of 0.74. The stock’s 50-day simple moving average is $292.32 and its two-hundred day simple moving average is $293.44. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.